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lord [1]
3 years ago
9

The following information was available for Pete Company at December 31, 2013:

Business
1 answer:
Leno4ka [110]3 years ago
5 0

Answer:

8.2

Explanation:

See attached picture.

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Lake Corp., a newly organized company, reported pretax financial income of $100,000 for 20X0. Among the items reported in Lake's
liubo4ka [24]

Answer:

b.$0

Explanation:

As we know that

When there is a temporary discrepancy between financial income and taxable income a deferred tax benefit or liability occurs. Temporary difference means an benefit or cost with respect to treatment that has just a timing gap.

Moreover, the Premium on officer's life insurance is tax deductible i.e $15,000  as it is paid by the company due to which difference arise between the financial and taxable income.

And,  

Interest received on municipal bonds $20,000 are mostly exempt from federal income tax.

Therefore, it shows no such difference as it indicates the permanent difference

6 0
4 years ago
If the price of chocolate-covered peanuts decreases from $1.10 to $0.90 and the quantity demanded increases from 190 bags to 210
sertanlavr [38]

Answer:Price elasticity of demand = -0.05

Explanation:

Price elasticity of demand using the midpoint method= \frac{(Q2- Q1)/(Q2+Q1)/2}{(P2- P1)/(P2+P1)/2}

where  Q =Quantity demanded

P = Price

Price elasticity of demand =  (\frac{(210-190/210+190)/2}{0.90-1.10/ 0.90+1.10)/2}

 =     \frac{20/400)/2 }{ -0.2/2)/2}

0.025/ -0.05 = -0.05

Price elasticity of demand = -0.05

The Price elasticity of demand tells us how much quantity demanded changes in response to a change in price. Here the Demand for a good is  inelastic because  the PED coefficient is less than one -0.05

8 0
4 years ago
Read 2 more answers
Excellent Company has provided the following operating information for one of its divisions: Sales $100,000 Variable expenses $5
Natalka [10]

Answer:

See below

Explanation:

Given the above information, segment margin is computed as shown below.

Segment margin = Net sales - Cost of sales - Fixed cost

Given that;

Net sales = $100,000

Cost of sales = $55,000

Fixed cost = $35,000

Then,

Segment margin = $100,000 - $55,000 - $35,000

Segment margin = $10,000

Therefore, the division's segment margin is $10,000

7 0
3 years ago
Which best describes how individuals help the economy grow? they work in their own self-interest. they work as part of a unified
navik [9.2K]
The correct answer on edenuity is A, they work in their own self interest!
6 0
4 years ago
Read 2 more answers
The fully allocated cost of a product is $10. If the price elasticity of demand for the product is –3, then the firm's optimal m
MissTica

the fully allocated cost of a product is $10. If the price elasticity of demand for the product is -2, then the firms optimal markup is 10% 100% 200% or 300.

Demand is said to be relatively elastic if a relatively small change in price is accompanied by a disproportionately large change in quantity demanded. Mathematically, demand is said to be relatively elastic if its elasticity coefficient (that is, the result of the PED formula) is greater than 1.

Elastic demand or supply is when the elasticity is greater than 1, indicating high responsiveness to price changes. Inelastic demand or supply is one with elasticity less than 1, indicating a poor response to price changes.

A product with 0 elasticity is considered completely inelastic because changes in price have no effect on demand.

Learn more about price elasticity at

brainly.com/question/24384825

#SPJ4

4 0
1 year ago
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